The Economic and Financial Crimes Commission, EFCC, continued its prosecution of those indicted in the fuel subsidy probe report, with the arraignment of three suspects, Oluwaseun Ogunbambo, Habila Thrck and Fargo Petroleum and Gas Limited in a Lagos High Court.
The EFCC preferred a six count charge on them for allegedly conspiring to obtain N976,653,110.28 from the Federal Government. The EFCC alleged the said fund was meant for subsidy for the importation of 13,627,084 litres of petroleum motor spirit.
They were arraigned before Justice Adeniyi Onibanjo.
They were also accused of forgery and use of false document contrary to section 364 of the Criminal Laws of Lagos State of Nigeria.
The accused persons pleaded not guilty to the charge when it was read to them.
Babajide Koku (SAN) counsel to the accused persons informed the court that he had filed a bail application dated 25 of July, 2012 and served on the prosecution.
However, he said he needed time to respond to the counter affidavit and requested for a short adjournment.
Prosecution counsel, Usani Francis did not oppose the application.
Justice Onigbanjo, consequently adjourned proceedings to Wednesday for hearing of the bail application while ordering that the accused be remanded in EFCC custody.